Quorum Information Technologies (QIS) Set to Announce Quarterly Earnings on Wednesday

Quorum Information Technologies (CVE:QIS) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 20th.

Quorum Information Technologies (CVE:QIS) last posted its quarterly earnings results on Wednesday, August 21st. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$9.95 million for the quarter, compared to analysts’ expectations of C$10.30 million. Quorum Information Technologies had a net margin of 0.36% and a return on equity of 0.53%.

Quorum Information Technologies Price Performance

Quorum Information Technologies stock opened at C$0.84 on Monday. Quorum Information Technologies has a 1 year low of C$0.56 and a 1 year high of C$0.97. The stock has a market cap of C$61.81 million, a price-to-earnings ratio of 30.67 and a beta of 0.20. The firm has a 50-day moving average of C$0.85 and a two-hundred day moving average of C$0.82. The company has a debt-to-equity ratio of 41.17, a current ratio of 2.12 and a quick ratio of 2.13.

Wall Street Analyst Weigh In

Separately, Cormark lifted their target price on Quorum Information Technologies from C$0.85 to C$1.00 in a research note on Friday, August 23rd.

Quorum Information Technologies Company Profile

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.